Stripe vs Airwallex
Reduce conversion friction as you expand globally. Compare settlement multi currency accounts and local payment methods side by side.
United StatesUSD3 reasons why businesses choose Airwallex over Stripe
Settle payments like-for-like
Airwallex lets you settle payments in the same currencies as your customers' directly into your multi-currency wallet. With Stripe, you have to convert every customer payment that’s not in USD. Airwallex lets you save on FX fees, over and over again.
Get more ways to pay
Offer your local and global customers more ways to pay, with 160+ local payment methods compared to Stripe's 125+.
Do more on one platform
On top of payment processing, Airwallex also offers FX and transfer solutions, multi-currency accounts, expense management tools, yield on your idle funds, and more.
Cut FX fees: Save more with like-for-like settlement
Save on payment processing fees and avoid costly currency conversions with like-for-like settlement. For example, a UK business can transact in USD and settle those funds directly into a local USD account, without having to convert the funds to GBP and pay foreign exchange (FX) fees. This USD balance can then be used to pay US-based suppliers, further cutting FX fees.
With Airwallex, businesses can settle payments like-for-like in 20 major currencies using its built-in multi-currency wallet, without any forced FX conversions. Unlike with Stripe, there's no need to open a separate foreign currency bank account to enjoy these benefits.
Manage global finances with Airwallex
See how Airwallex stacks up against Stripe across cost, coverage, and key features.
STRIPE FEES
How are Stripe fees calculated?
Stripe’s processing fees are calculated based on several factors. These include the merchant entity, transaction volume, payment method, and payment currency. Payments may also incur multi-currency management fees, such as settlement fees and conversion fees. Other fees include fixed gateway fees and Stripe’s Radar for Fraud Teams fee. Our calculator considers all of these factors.*
Save on transfer fees and FX with Airwallex
Settle in the same currency you get paid to reduce FX costs. See Airwallex vs. Stripe fees below.
What local businesses are saying about Airwallex
“Airwallex is a really good example of how we’re investing in technology. While our previous solution for foreign payments was very slow, manual and outdated, Airwallex is quick, easy and efficient. Not only does Airwallex save the team time, it also saves us money – it’s a win-win.”
Laura Bowden
CFO at McLaren Racing
“Because of Airwallex, we’re enjoying significant cost savings and a more streamlined management of funds between different currencies, which is essential for our travel agency.”
Simon Russell
Authentic Vacations, CEO
“Everything just flows now - approvals, expenses, reimbursements. Managers feel trusted, the finance team is more visible, and we’re moving faster without losing control. Airwallex has completely changed the pace and perception of finance in the business.”
Nathan Humphreys
Financial Controller, Truvi
"One thing was clear: We needed a simple-to-use, truly global financial solution that allowed us to seamlessly accept money from customers in multiple markets convert it to other currencies only when needed, and pay vendors in different countries. In other words, we needed to trade globally - not just Australia.”
Richard Li
Co-founder & CEO, July
"We've had such a fantastic experience switching to Airwallex. Previously we were using a traditional bank to make all of our international transactions and they'd constantly lock us out of the account everytime we made a transfer, resulting in hours and hours of lost time on hold. Airwallex is secure, makes it super quick and simple to make and receive international payments."
Rupert
Managing Director, Perspective Pictures
Frequently asked questions about Stripe fees and features
What alternative solutions to Stripe are there?
There are several alternatives to Stripe, including PayPal, Square, and Braintree. However, Airwallex stands out for its competitive pricing, like-for-like settlement, multi-currency support, and end-to-end solutions including payment acceptance, FX and transfers, and spend management tools. The Stripe fee calculator can help businesses compare costs and see how much they can save with Airwallex.
How much are Stripe fees in the US?
Stripe typically charges a flat rate of 2.90% + US$0.30 per successful transaction for domestic card payments and 4.40% + US$0.30 for international card payments in the US. Fees vary by merchant location, transaction volume, payment method, shopper currency, transaction type, settlement currency, and payment gateway. Additional fees apply for foreign currency settlements and foreign exchange conversions. Airwallex offers a competitive alternative with transparent and often lower fees, particularly for businesses that deal with multiple currencies and regions.
What is like-for-like settlement?
Like-for-like settlement is a process that ensures that the currency a business receives in their account is the same as the currency in which the payment was made. This means that if a customer pays a business in, for example, US dollars (USD), the funds will be settled directly into their Airwallex account in USD, without currency conversion. This approach helps businesses avoid unnecessary foreign exchange fees and ensures that they receive the exact amount they are owed, making international transactions more transparent and efficient.
Switch to Airwallex today
Reduce FX costs with like for like settlement and multi currency accounts.